Well and septic contingency-
If you’re thinking about buying a house with acreage like a hobby farm, more than likely you will wind up needing this particular contingency addendum to purchase that home. It deals specifically with the septic system and the well. Because both of these items can be extremely expensive you want to make sure as a buyer that both of them are in proper functioning order before you purchase at home.
Septic tanks are found in several different forms but the most common are amount system and a drainage system. Both of them have holding tanks and are supposed to be pumped on a regular basis by a certified company. Most counties as well as townships require this to be serviced every three years as well as before a property transfers ownership. Not only to ensure that its functioning properly but to make sure that it’s not creating some type of environmental hazard. This is why the EPA will typically keep records as well from the county and state.
The well is something you want have tested for a couple of different things. First to make sure that the water is not contaminated with any pesticides or pollutants. To verify that it is a safe distance away from your septic system and thirdly that is functioning properly for the home. The well pretty much functions on its own but it does have a pump that draws the water up through the pipe into the house. That typically needs to be replaced once every 10 years or so. So when you’re having this inspection you want to verify that the well is pumping properly.
You as the buyer can take both of these tests on at your expense and choose your service providers within a certain amount of time for the contingency. It’s very similar to the home inspection contingency that I had written about earlier on. The other option is you can have the sellers provide for the cost of the inspection and
furnished you with the reports. Either way is fine, which ever you feel most comfortable with.
This is a very important steps to take when purchasing a property with the septic and well. The last thing you want to do is not verify that they are in working order because the cost to replace the septic system alone can run you well over $15,000. Not to mention you want to make sure that your compliant with all state and local laws.
This is the last of the series of buyer contingencies when purchasing a home. Please visit my YouTube page to view the others. Go to YouTube, type in realtorology or Tom Sommers to find my YouTube page. You can also read the rest of the blogs on my real estate website www.realtimehomesearch.com.
If you have any questions please feel free to call me or email me.
Tom Sommers Edina Realty 952-994-7204 email@example.com